Property development projects can be both exciting and profitable, but they can also be challenging and risky if you don't know what you're doing. Whether you're a seasoned developer or just starting out, there are key factors that you need to consider when undertaking a property development project. In this article, we'll cover five of the most important ones to keep in mind.

1. Risk First, Profit Second

It may be tempting to dive headfirst into a project with the goal of making as much profit as possible, but this can be a costly mistake. Before you consider the profit potential of a project, you need to understand the key risks involved and put strategies in place to minimise them. This could include assessing the financial risks of the project, researching the local property market and the competition, and putting contingency plans in place for unexpected events. By prioritising risk management, you'll be better positioned to make informed decisions that maximise your chances of ...